Emaar Misr to develop integrated Cairo township
Emaar Misr, a wholly-owned Egyptian subsidiary of Emaar Properties, is to build an integrated township in Egypt called Uptown Cairo.
The EGP12bn (AED7.7bn, US$2.1bn) mixed-use property on the Mokattam Hills will feature a spa, resorts and leisure facilities.
Speaking to AME Info, Mohamed Al Alabbar, chair of Emaar Properties, said: “We are replicating the successful Dubai model of achieving impressive scales in property development and delivering a world-class living and work environment. Energised by recent economic reforms and greater foreign investment inflow, the Egyptian economy is in overdrive.”
Uptown Cairo will include distinctive neighbourhoods with properties designed in a number of architectural styles, including Mediterranean, Spanish and Tuscan.
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